Yearly Archives: 2022

An Expert Answers Your Questions About Cybersecurity

​PropertyCasualty360.com has a post up on its site today that features a question-and-answer session with Troy Stairwalt, chief information security officer of Westfield Insurance. I encourage you to read the entire article, but here are some excerpts I want to emphasize:"Here are three common ways an agency is most likely to be caught in a cyberattack:RansomwareSupply chain managementThird-party vendorsAll three represent real cyberthreats to agencies for several reasons including:Increase in cyberthreat activity;Increasing regulatory requirements and repercussions; ...New requirements simply to be eligible to apply for cyber insurance coverage. ...Industry, state and federal regulations have been — and will become — increasingly onerous in response to…

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Industry Roundup: What is Jackware?; ​More Than 80% of Flood Policyholders Expected to see Premiums Increase; Top Five Reasons for Insurance Complaints in 2021; Two-Thirds of Employees Might Seek New Jobs if Forced Back to Office

​More Than 80% of Flood Policyholders Expected to see Premiums IncreaseWhen the Federal Emergency Management Agency (FEMA) rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of premium increases, while almost 90 percent of policyholders would see their costs stay stable or decrease. Injured Passengers in Rental Car Not Entitled to Payment Under UIM CoverageThe West Virginia Supreme Court reversed summary judgment in favor of two plaintiffs, finding they were not covered under the driver's underinsured motorist (UIM) coverage because they were passengers of a rented vehicle that was not a…

Continue ReadingIndustry Roundup: What is Jackware?; ​More Than 80% of Flood Policyholders Expected to see Premiums Increase; Top Five Reasons for Insurance Complaints in 2021; Two-Thirds of Employees Might Seek New Jobs if Forced Back to Office

​ Photo Inspection Reform Campaign Kicks Into High Gear – Petition Signatures Needed

This week, our campaign to pass the Auto Insurance Consumer Relief Act, which would make photo inspections (CARCOs) optional at the discretion of insurance companies, gained major momentum. Key Committee Vote Scheduled:On Friday, our campaign achieved a key milestone when our bill was scheduled for a vote by the Senate Insurance Committee. This marks the first time in history the Senate has voted on this bill.​​ It must pass the committee vote, which will be held on Monday, May 25th, before it can be voted on by the full Senate. The scheduling of this vote follows three months of grassroots advocacy by Big I NY, including emails…

Continue Reading​ Photo Inspection Reform Campaign Kicks Into High Gear – Petition Signatures Needed